Warsh Faces Tenuous Balancing Act in First Fed Meeting as Chairman
Elevated inflation and the specter of rate increases will greet Kevin M. Warsh in his debut as chairman of the Federal Reserve. Source link
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RIL, IndiGo & more: Top stocks to watch on June 16
Morgan Stanley maintained its overweight rating on Reliance Industries with the target price maintained at Rs 1,803. The stock is the top pick among the analysts at the brokerage house. They said the energy security policies and tighter refining markets are the reasons keeping product spreads structurally stronger for longer. The company’s oil to chemicals…
Oil Prices Continue to Fall as Traders Assess U.S.-Iran Deal
Stocks were mixed after strong rallies the day before. Source link
Income Tax Return: Is Form 16 mandatory for ITR filing & what to do if the employer has not issued it?
For salaried taxpayers, Form 16 is one of the most important documents for ITR filing. (AI image) ITR filing FY 2025-26 (AY 2026-27): The income tax return filing season has started. One of the first things a taxpayer should do before logging into the income tax portal (incometax.gov.in/iec/foportal/) to file their tax return is to…
Oil’s not well? US emergency stockpile falls to lowest level
More than four decades after it was first being filled, the US emergency oil stockpile has fallen to its lowest level. The Trump administration has continued drawing oil from the Strategic Petroleum Reserve (SPR) to ease the economic impact of the war with Iran, pushing the US emergency crude stockpile to its lowest level since…
US-Iran peace deal: What opening of Strait of Hormuz would mean for India’s crude oil supplies
The reopening of the waterway would also allow oil tankers currently stranded in the Persian Gulf to resume deliveries to consuming markets. (AI image) US-Iran peace deal signing and the full opening of the Strait of Hormuz, if it goes through, will bode well for availability of crude oil supplies globally. Crude oil supplies could…
Gold price prediction today: Will gold prices rise substantially from current levels? Check June 16, 2026 outlook
Gold can extend its rally further in the short-term as oil prices remain under pressure. (AI image) Gold price prediction today: Gold prices may rise in the near-term as oil prices ease but the US Federal Reserve’s meeting is an important thing to watch, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.Gold Performance:…
Japan Raises Rates to 31-Year High to Ward Off War Inflation
Going against Prime Minister Takaichi’s wishes, Japan’s central bank acted amid U.S. pressure, a tanking currency and inflation from energy disruptions. Source link
Strait of Hormuz ‘open’, but how long till transit resumes? The explosive mine challenge
The heat in the Middle East appears to be finally cooling after over 3 months as the US and Iran have reached a tentative agreement to end the war. The conflict rattled energy and financial markets around the world as the Strait of Hormuz, a key route for global oil trade, was disrupted, affecting over…
China’s Spending Slowdown Deepens as Households Tighten Their Belts
The unexpected decline in retail sales underscored China’s growing reliance on exports to sustain economic growth as domestic demand continues to falter. Source link